Business Owners - why pay 18% tax?

11 January 2008

Pay extra tax and lose your indexation allowance in April 2008! Are you teetering on the brink of deciding to sell your company? Has the Government just pushed you over the edge with the changes that are likely to be introduced in April 2008?

At Furley Page we want to work with business owners and their accountants to review what course of action might be best for them in light of the impending changes. Why pay 18% tax when if you sell your shares before April you could pay 10%? Maybe it is time to sell some of the assets you have owned for many years which suddenly do not look so appealing from a tax perspective.

We have an experienced company commercial team that prides itself on providing professional, but commercially sensible solutions to achieve the sale of assets or shares.  Given that the average share sale can take 2-3 months you need to act quickly if you have made up your mind to sell to ensure that you complete before the 05 April 2008.

If you need to know what is involved from a legal perspective to sell assets or shares, or would like to discuss what your business needs when it comes to legal services we would be delighted to talk to you.

Please email Susan Jennings

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